November 2022 : Stock Picks by Religare Broking
BANKBARODA (CMP: 148):-
The stock gained 17% with the rise of 33% Open Interest in the October series. The longs has been rolled at around 97% to the November series. We expect the outperformance of the stock to continue in the November series as well
BHARATFORG (CMP: 824):-
The stock gained nearly 20% with the good addition of longs to the tune of 18%. The longs have been rolled by around 97%. We expect the stock to trade with positive bias in the range of 70-870
HDFC (CMP: 2400):-
The stock has seen long rollover in the last 3 days of expiry and rolled around 98% with fresh additional long build up of around 15 lakh with rest to last series. We expect the scrip to be positively biased with a range of around 2360-2530.
ONGC (CMP: 132):-
The stock gained nearly 4% with the additional rise of around 35 lakh (10.5%) in Open Interest with respect to last series. The scrip has seen fresh longs rolls @ 93. We expect the scrip to continue its positive momentum in November series as well and trade in the range of 127-148.
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